Options Brief: Zale Corporation (ZLC)

Shares of Zale Corporation ZLC are higher on the session by 33.00%, trading at $5.36. Overall call volume is now running at 3.53x the daily average, with 54% of all calls traded being purchases on the offer. 2,511 contracts have traded on the session so far. Zale Corporation, through its wholly owned subsidiaries, is a specialty retailer of fine jewelry. As of July 31, 2010, it operated 1,218 specialty retail jewelry stores and 672 kiosks located mainly in shopping malls throughout the United States, Canada and Puerto Rico.